ICangles Investment Post…

The 2013 stock market continues to take off like a rocket. Investors are throwing caution to the wind and jumping into stocks. Bullish sentiment is up, and bears are giving up. For this and other reasons now seems like an excellent time to sell some stocks, take profits and raise some cash. This promises to be my shortest blog post yet. I am not calling a market top or going purely defensive. But I am reducing my overall stock exposure. As to the why I would point to growing investor exuberance and three quick overviews of this market:

My February blog post, “Financial Jenga”

Joe Calhoun’s May Letter “The Hubris of the Bulls”

John Hussman’s Weekly Comment “Not in Kansas Anymore”